WhatsApp Financial News
17.10 / 14:11
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Are High Interest Rates Ever Going Away?
trading platform special. Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times.
17.10 / 14:11
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Why does breast cancer spread to the spine? Scientists finally have an answer
Click here! Greenblatt said for decades, doctors knew that some cancer cells preferentially seek out the spine, but no one has had a good explanation for why. The researchers had a hunch that stem cells inside vertebral bones differed from those in other sites in the skeleton, like the long bones in the arms and legs.
17.10 / 13:41
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Graphite India's German operations hit by information security incident
₹9.86 billion. Shares of Graphite India closed 0.51% higher at ₹494.55 apiece on the National STock Exchange on Tuesday."Exciting news! Mint is now on WhatsApp Channels
17.10 / 13:41
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pandemic
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States' capital spending to surge 29% in FY24: Icra
₹6.2 trillion in FY24, rating agency Icra Ltd. said on Tuesday. However, this projected capital expenditure (capex) falls short of the Budget Estimates (BE) which anticipated a spending of ₹6.7 trillion.
17.10 / 13:41
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Iran prohibits teaching of all foreign languages including English and Arabic
Iran has banned the teaching of all foreign languages, including English and Arabic, in kindergartens and primary schools, with immediate effect, state media reported Tuesday. "The teaching of foreign languages is prohibited in kindergartens, nursery schools and primary schools, because at this age, the Iranian identity of the child is being formed," said Massoud Tehrani-Farjad, an education ministry official, according to IRNA news agency.
17.10 / 13:41
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Govt to sell up to 7% stake in HUDCO via OFS on Oct 18-19, likely to raise ₹1,100 crore
₹79 per share, 12 percent lower as against the closing price of ₹89 per share on the BSE on October 17. The government expects to raise about ₹1,100 crore via the stake sale, as it would be offloading a total of around 14 crore shares. On the first day of the OFS, a total of 7 crore shares would be offered for sale, accounting for 3.5 percent of HUDCO's overall stake.
17.10 / 13:41
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Govt may suggest closure of MMTC over lack of investor in OFS: Report
Also Read: Multibagger PSU stock MMTC jumps 150% in six months. Experts see more upside Earlier this year, capital markets regulator Securities and Exchange Board of India (SEBI) cancelled the registration of MMTC Ltd as a stock broker for its involvement in illegal ‘paired contracts’ in a case pertaining to now defunct National Spot Exchange Ltd (NSEL). While cancelling the licence, SEBI directed MMTC to allow its existing clients to withdraw or transfer their securities or funds held by it within 15 days.
17.10 / 12:47
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Metals index on a rise: Which stocks to buy?
Also Read- NALCO, NMDC share prices gain as nod for royalty rates for Lithium, REEs lift prospects Going ahead, commentaries from the companies will be critical as the price-cost effect outlook (particularly for ferrous) is likely to take center stage, said analysts at ICICI Securities. Their top picks include Jindal Steel and Power Ltd (JSPL), Jindal Stainless, and Shyam Metalics.
17.10 / 12:47
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Maruti Suzuki to fully acquire Gujarat car unit in $1.54 bn share-swap deal
₹12,841 crore ($1.54 billion) to its parent Suzuki Motor Corp. to fully acquire Suzuki Motor Gujarat Pvt. Ltd.
17.10 / 12:47
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Tata Metaliks Q2 Results: Net profit grows three-fold to ₹44 crore on lower expenses
₹44.16 crore for the quarter ended September 30, 2023, helped by reduced expenses. It had clocked ₹14.29 crore net profit in July-September period a year ago, the company said in a regulatory filing.
17.10 / 12:13
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Tata Elxsi Q2 results: Net profit up 14.8% YoY at ₹200 crore, revenue at ₹882 crore
₹200 crore in the quarter ending September 2023, as per a regulatory filing made on October 17. The net profit has increased by 14.8 percent annually, as it stood at ₹174.3 crore in the year-ago period. Sequentially, it went up by 5.9 percent from ₹188.9 crore reported in the June 2023 quarter.
17.10 / 12:13
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On Door Concepts IPO opens next week, price band set at ₹208 per share. Check GMP, other key details
₹208. Investors can bid for a minimum of 600 shares and in multiples thereof. The face value of the equity shares is ₹10 each and the issue price is ₹20.8 times of the face value.
17.10 / 12:03
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Avendus to offer investment banking services from Singapore
Reuters report said citing an industry source familiar with Avendus’ plans. The company employs about 150 bankers in India.
17.10 / 12:03
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regulatory
RBI imposes penalty against ICICI Bank, Kotak Mahindra Bank for violation of regulatory norms
₹12.19 crore on ICICI Bank Ltd and ₹3.95 crore on Kotak Mahindra Bank Limited for non-compliance with certain banking regulatory norms. "Exciting news! Mint is now on WhatsApp Channels
17.10 / 12:03
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Supreme Court orders govt to protect queer rights, sensitise public. Check list of directives
DY Chandrachud. Justice Chandrachud and Justice Kaul supported all the rights for queer community, but their stance was overruled by the majority judgment given by the other three judges: Justice Bhatt, Justice Hima Kholi, and Justice Narisimbha.
17.10 / 12:03
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UGC announces new fellowship amounts for JRF, SRF and other fellowships. Check list
₹31,000 for 2 years New amount (per month): ₹37,000 per month for 2 years. Previous amount (per month): ₹35,000 per month for remaining tenure New amount (per month): ₹42,000 per month for remaining period.
17.10 / 12:03
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Bajaj Finance Q2 Results: Net profit rises 28% on year to ₹3,550.80 crore, NII up 26%
₹3,550.80 crore in the second quarter of FY24, registering a growth of ₹27.7% from ₹2,780.65 crore in the corresponding quarter of last year. Net interest income (NII) of the non-banking finance company (NBFC), on a consolidated basis, in Q2FY24 increased by 26% to ₹8,845 crore from ₹7,002 crore, year-on-year (YoY), according to company's exchange filing.
17.10 / 12:03
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Reliance Jio
Bharti Airtel, Reliance Jio may face tax demands worth over ₹14000 cr: Kotak
₹14,000 crore due to the Supreme Court’s recent decision on licence fee categorisation, according to analysts. The judgment stipulated the treatment of the licence fee as capital, a departure from its previous classification as an expenditure. While the judgment implies a heightened tax liability, the real impact may be mitigated by factors like depreciation and amortisation spanning the 20-year licence tenure, brokerage firms noted.
17.10 / 12:03
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TMC MP Mahua Moitra files defamation case against BJP's Nishikant Dubey amid furore over ‘cash for queries’ claim
ALSO READ: Mahua Moitra ‘Took Cash & Gifts For Asking Questions', Alleges BJP’s Nishikant Dubey “These allegations include that she committed a criminal breach of trust, violated parliamentary ethics, and acted in a manner that was detrimental to India's national security," Dubey wrote. He contended that 50 of 61 questions she asked in Lok Sabha till recently were focused on the Adani Group.
17.10 / 12:03
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L&T Tech Q2 results: Net profit up 1.3% QoQ at ₹316 crore, revenue at ₹2,387 crore
₹316 crore and a consolidated revenue of ₹2,378 crore in the second quarter of fiscal year 2023-24, as per a regulatory filing made on October 17. Sequentially, the net profit was marginally up by 1.3 percent, as it came in at ₹312 crore in the first quarter of FY24. The growth in revenue was 3.7 percent quarter-on-quarter, as it stood at ₹2,301 crore in the April-June period.
17.10 / 12:03
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Sabarimala Ayyappa temple to reopen today for 'Thula Masam' pooja. Check details
Click here! As per Asianet News, KSRTC will be running special bus services on the occasion of the Thula Masam Puja from 18-22 October. The report added that the special bus services to Pampa will be available from Thiruvananthapuram, Pathanamthitta, Kottarakkara, Erumeli and Chengannur.
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